3 Locations

Langer Farms Shopping Center (the "Property") consists of two inline retail strip buildings and a stand-alone ground-leased Red Robin pad. The buildings are shadow-anchored by a high-performing Target (1.3 million customers per year) located in the affluent Portland suburb of Sherwood, OR (16 miles south of the Portland CBD).

The rent roll is exceptionally stable with most tenants signing recent extensions or new long-term leases. The weighted average lease term (WALT) is 4.8 years of remaining term – an amount atypically high for traditional retail shoppes. Tenant demand has been strong for rare backfill opportunities. The purchaser will have the opportunity to enhance the property's cash flow through lease up of the single vacant suite (1,507 SF).